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Gold/Mining/Energy : t. upton resources

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To: SofaSpud who wrote (65)11/24/1999 4:12:00 PM
From: AL R  Read Replies (1) of 86
 
Ya gotta like it.

Looks like they are trading around 5 Xs this year's cash flow. Using their estimate of $1.13 cash flow for next year, the share price should be north of $5.65. $9.00 @ 8 X c/f is not unrealistic.

They did as they said and hunkered down this spring waiting for the recovery in oil prices. Now they are taking advantage of the price and have maintain very reasonable debt levels.

Been long with this company for awhile.

Al
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